[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.08.07 14:21
• [Haiyou Anlan Floating Wind Platform Officially Commissioned]
• The tension leg floating wind power platform of Haiyou Anlan, which can withstand typhoons of level 17 in China, has been officially put into operation. The platform is installed at a depth of 136 meters and can output 54 million kilowatt hours of green electricity annually, reducing carbon dioxide emissions by 35000 tons and helping China achieve breakthroughs in deep-sea wind power technology. Editor/Min Jing

• 2026.08.07 14:19
• [Tangshan Port Receives First Simandou Iron‑Ore Shipment]
• Recently, 225000 tons of Guinea Simandou iron ore docked at the Caofeidian Port area of Tangshan Port with the Ovalimaru ship, marking the first time the port area has unloaded this type of iron ore. This assignment has enriched the ore supply in the port area and helped the local steel industry reduce costs, improve quality, and transform and upgrade. Editor/Min Jing